Plan Ledger DOL Form 5500 · updated monthly

Diamond Group LLC401(k)

OUR RETIREMENT PLAN · ROCKVILLE, MD · plan year 2023

Reported admin expense ratio · 2023
0.71%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Diamond Group LLC reported $50,804 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $6,113 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 1.04% to 1.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,109th of 1,671), and 8,785th of 11,654 in professional & technical services. In 2023, the employer put in $1.42 for every $1.00 employees contributed themselves; active participation has shrunk from 113 to 77 since 2022.

Plan summary
Net assets, end of year$7,700,782
Participants with balances171
Active participants77
Employer contributions$470,734
Employee contributions$332,260
Employer contribution per active participant$6,113
Average account balance$45,034
Benefits paid to participants$607,457
Plan auditUnmodified (clean) audit opinion
AuditorWALSH CPA COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 73 accts · $298K emplr
2023$7.7M · 171 accts · $471K emplr
2022$6.5M · 185 accts · $546K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,105
Investment management$41,699
Total administrative$50,804
The Diamond Group LLC 401(k) match · 2023
Employer contribution per active participant$6,113
Median for plans this size$1,308
2023$6,113 per active participant
2022$4,832 per active participant

Diamond Group LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PROFESSIONAL CAPITAL SERVICES, LLC · Contract administrator · Recordkeeping$9,105
THE CAPITAL GROUP INVESTMENT · Investment advisory (plan)$33,407

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024PROFESSIONAL CAPITAL SERVICES, LLC
2023PROFESSIONAL CAPITAL SERVICES, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$71,225 · 1.54%
2023$50,804 · 0.71%
2022$76,019 · 1.04%
Similar plansProfessional & Technical Services · Maryland
Versatech, Inc. MD$8.0M · 0.34%
Econometrica, Inc. MD$8.0M · 0.09%
Bellese Technologies, LLC MD$7.7M · 0.08%
Design Collective, Inc. MD$7.6M · 0.38%
Rollout Systems LLC MD$7.5M · 0.57%
Bww Law Group, LLC MD$7.4M · 0.58%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 752972647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.